John Muellbauer

Professor John Muellbauer is a Senior Research Fellow of Nuffield College, Professor of Economics and a Senior Fellow of the Institute for New Economic Thinking at the Oxford Martin School, Oxford University. He is a Fellow of the British Academy and of the Econometric Society. He has been a consultant to the Bank of England, the ECB, HM Treasury and the UK Department for Communities and Local Government (DCLG) and a Visiting Scholar at the Federal Reserve Board and the IMF and was a Wim Duisenberg Visiting Fellow at the ECB in 2012/13. His current research is supported by grants from the Open Society Institute.

On he has written on ‘what’s wrong with macro’, helicopter money, Eurobonds and the eurozone crisis, exchange rate pass-through, mortgage defaults, inflation forecasting and monetary policy lessons from Japan. His 1980 paper with Angus Deaton, “An Almost Ideal Demand System” in the American Economic Review was selected as one of the top twenty papers published in the first one hundred years of that journal.

By this expert

Why central bank models failed and how to repair them

Paper Conference paper | | Oct 2017

The consensus that reigned in macroeconomics before the financial crisis has come under renewed attack.

Featuring this expert


From the Origins of Economic Ideas to the Challenges of Our Time

Event Plenary | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.